Auto Enrolment – Employers Need To Take Care!

Summer has finally arrived in the Central Belt. And along with press stories of sunburn and ice creams are a number of stories about the Pensions Regulator clamping down on Companies who have not complied with their workplace pension requirements. An example of this is a story in the Herald today Herald Story on Auto Enrolment.

The Pensions Regulator reports a surge in whistleblowing from employees of Companies who have failed to comply with the auto enrolment requirements. The number of whistleblowers contacting the Pensions Regulator has reportedly risen to 2,545 in the last year. With fines of up to £10,000 a day available and the recent news that Swindon Town Football Club were fined £20,000 in April for non compliance employers need to ensure they are in a position to comply.

When we analyse our clients we still have over 80% not at their staging date yet so the rest of 2016 and 2017 is going to be a busy time helping our clients comply. Through helping our larger clients through the process already we have a well oiled method of taking the pain away from this process. We have clients in NEST, The People’s Pension and other pension schemes that they already had. Our payroll integrated process removes duplicate data entry and creates a seamless process.

Our message to our clients is that burying their heads in the sand is not an option. The Employer contributions can be looked at in the context of other pay rises and if planned for far enough ahead should be manageable for all. Give us a call if you would like to discuss how easy it is to get going.